US LBM Holdings Emerges on Scene
MDM spoke with leaders from the fast-growing US LBM Holdings to learn more about the new holding company’s business model and its growth by acquisition of building materials and lumber distributors.
The new player in the building materials world hasn’t wasted any time making its name known. US LBM Holdings was created in October 2009 when private equity firm BlackEagle Partners stepped in to purchase three markets that Stock Building Supply had slated for closure. Those three markets had 13 locations.
L.T. Gibson, president and CEO of US LBM Holdings, had worked with Stock Building Supply for around 20 years, most recently as the vice president of the north and central divisions, when the closures were announced. “I started talking with private equity firms to see if there was someone who wanted to take advantage of the opportunity that was being created,” he said.